Bidding for 700MHz off to a hot start

Auction 73, the long-awaited 700MHz spectrum sell-off, got underway yesterday as the Federal Communications Commission conducted two rounds of bidding by the 214 qualified bidders. Action was brisk, although none of the reserve prices on any of the five blocks of spectrum available were met. After the second round concluded, the bids totaled $2.779 billion, up $353.4 million from the morning’s action.

Up for bid are five separate blocks of spectrum. The majority of those consist of regional licenses, but Blocks C and D have been the recipients of a lot of attention because they could be used to construct a nationwide wireless broadband network. Block C has a reserve price of $4.638 billion and the winner will have to abide by the FCC’s open access conditions. Block D has a significantly lower reserve of $1.33 billion, but the winner will also be required to share the spectrum with a national public safety communications network. (link)

Advertisements

0 Responses to “Bidding for 700MHz off to a hot start”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 29 other followers

Technorati – Blog Search

Add to Technorati Favorites

submit express


%d bloggers like this: